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Ukraine: Negotiations with IMF as Last Exit

Published: August 6, 2013; 21:35 · (Vindobona)

Seeking for an IMF loan is the last remaining alternative for the financially stricken country.

Ukraine: Negotiations with IMF as Last Exit / Picture: © Flickr

Due to its problematic fiscal situation, Ukraine has enormous funding requirements. In order to fill its budget hole, the country needs about $ 15bn. After a budget deficit of 7.7% in 2012, the deficit will not go down below 6.0% of GDP before 2015, economists say.

Above all, revenues are substantially below the government´s expectations. In the…

This article includes a total of 238 words.

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